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June 2018 Broker Newsletter

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Power Kiosk June Newsletter

The team has been quite busy this quarter, pushing hard on our mission to deliver transparency, choice and intelligence to the energy sales professional. You might have noticed the better reporting on commissions and future forecast energy data already, or the eight new suppliers that have joined the platform, and if you really paid attention, our new website. Read on to learn more, we’re so glad you are here!

Quarterly Platform Enhancement Update

We are very proud of our US-based software development team and are committed to bringing our partners substantive, tangible improvements each time we write one of these Newsletters. We are constantly evolving and here are the highlights since we last spoke:

Energy Futures Forecast Data

Under the Graphs and Charts section, upon selecting the Utility and other data, select a future date and you will now see a future pricing forecast. The data, powered by the CME, will give you intelligent, data-based, talking points to discuss with your clients. Understanding the market’s consensus of the future can certainly inform today’s product decisions.

Actual and Estimated Future Commission Report

Dubbed “Commission Audit” under the Reports interface, is a mission critical report that provides insights on your earnings today as well as estimated future commissions. Future commissions are an extrapolation of signed contracts, expected customer usage, and the supplier payment terms.

Eight New Suppliers On-Boarded to the Platform!

This might be a record. Our Platform team has been busy expanding the reach and deepening the competition in the markets we serve. Remember, with Power Kiosk, you are able to sell across state lines, both electricity and gas. We’re at 70+ suppliers and growing with our sights set on Canada in the back half of 2018. Here are our newest partners:

  • MidAmerican Energy
  • SFE Energy
  • FPL
  • WGL
  • Texan Energy
  • Mega Energy
  • Circular Energy
  • AP Gas and Electric
  • Supreme Energy

Promotions and Specials

‌Our friends at Entrust continue to run their very generous incentive for deals you signed since March 1, 2018. It’s a great offer and we will put it in big bold letters:

1 million kWh sold = $1,000 cash bonus

New Website with Simplified Products

Our marketing team has been busy on several fronts. Our newly launched, customer-facing, website PowerKiosk.com looks beautiful and helps your clients feel more confident and secure when dealing with your business as well.

While you are on our new site, check out our new, simplified product mix. For a monthly fee, we now offer the best broker commission split out there. We are putting full transparency on the table, it’s how we do business and it’s how we wish to continue to win your trust and confidence.

Broker Community Continuing Education

If you haven’t been to one of our LIVE online weekly training sessions, we’d love for you to check it out. We hold these every Tuesday at 1 p.m. CST to help you stay tuned to the energy market and our Power Kiosk community updates. Get the knowledge you need to increase your sales and grow your business. Looking forward to seeing you at our next training. Go to: www.uberconference.com/powerkiosk to join the conversation.

Energy Markets Insights

  • In May, NYMEX traded at $0.2821 per therm. Storage levels have remained high. Gas continues to pose a great opportunity for our brokers.
  • Florida and Kentucky are great markets to attack gas contracts.
  • There are also nice deltas in both Massachusetts and Maryland for electricity
  • Due to capacity prices nearly doubling in Northern Illinois, the projected tariff rate for ComEd customers has increased from 7.1 cents per kWh to 7.54 cents per kWh.

Thanks for Reading!

We will chat next time. If you have questions on anything in our newsletter, remember, all inquiries sent to support@powerkiosk.com will be responded to in a timely manner. Of course, I’m always around for questions and comments as well.

Be well,

Hami